A new era dawns for Nigerian workers as a proposed law to formalize the ₦70,000 minimum wage recently agreed upon by organized labor, the private sector and the federal government after lengthy negotiations is set to take place. be discussed in Parliament. Presented by President Tinubu in a letter read in the House on Tuesday, July 23, the measure seeks to establish a legal framework for the implementation of the new national minimum wage.
The President urged lawmakers to expedite the process of passing this law to enable immediate implementation for the benefit of Nigerian workers. Meanwhile, another presidential letter called for an amendment to the Nigeria Police Act, in accordance with Section 58 of the 1999 Constitution (as amended).
This legislative progress is a positive step towards improving the working conditions of the country’s citizens. Formalizing the minimum wage will help ensure fairer and more equitable remuneration for workers, providing them with the opportunity to meet their basic needs and support their families.
As a developing country seeking economic and social progress, Nigeria must ensure that its workers are fairly compensated for their contribution to national growth. The implementation of such a minimum wage is a step in the right direction to foster a more equitable society and provide better prospects for Nigerian workers.
While the parliamentary debate on this bill promises to be crucial, it is essential that legislators act diligently to ensure that this measure is adopted and implemented without delay. Nigerian workers deserve a living wage that reflects their hard work and dedication, and this bill is a crucial step towards that goal.